I’ve always felt like Bert Hochfield took a conservative approach, so I thought this was a very in-depth and encouraging analysis for SNOW.
Here are his final thoughts:
“But regardless of how things appear now, the opportunity to acquire a position in one of the leading growth companies in the IT industry at even a half-reasonable valuation is too good to pass up. I have started buying a position in the shares, not because I think they are going to see some specific bounce in the immediate future, but because I am looking at a 12 months’ time horizon and beyond.”
Snowflake: The Only Thing Melting Is The Share Price - It Is Getting Ready For Its Next Stage Of Hypergrowth
https://seekingalpha.com/article/4493871-snowflake-the-only-…